Ch2 Control Accounts
Ch2 Control Accounts
Ch2 Control Accounts
(BM020-3-1)
Control Accounts
Learning Outcomes
BM020-3-1-Financial Accounting 2
Slide 1 of 13
BM020-3-1-Financial Accounting 2
BM020-3-1-Financial Accounting 2
Slide 1 of 13
General ledgers
Sales account
Sales ledger:
Ali
Jan 8 Sales 1600
Chew
Jan 19 Sales 1000
BM020-3-1-Financial Accounting 2
Baba
Jan 15 Sales 2500
Elan
Jan 26 Sales 3500
General ledger:
Sales Account
2009
Jan 31 Credit sales for
month
BM020-3-1-Financial Accounting 2
8,600
General ledger:
Sales Ledger Control Account
2009
Jan 1
Jan 31
2009
Balance b/d
Sales
BM020-3-1-Financial Accounting 2
1,600
8,600
10,200
10,200
xxxxx
BM020-3-1-Financial Accounting 2
2009
Jan 31
Returns inwards Day Book
(total of all goods returned from
debtors in the period)
xxx
Jan 31
Cash book
xxx
(total of all cash received from
debtors in the period)
Jan 31
Cash book
xxx
(total of all cheques received from
debtors in the period)
Jan 31
Balance c/d
xxx
xxxxx
BM020-3-1-Financial Accounting 2
1,894
10,290
7,284
1,236
296
3,368
1,894
10,290
7,284
1,236
296
3,368
1,894
10,290
12,184
BM020-3-1-Financial Accounting 2
2009
Jan 31
Jan 31
Jan 31
Jan 31
Bank
7,284
Cash
1,236
Return Inwards 296
Balances c/d
3,368
12,184
General ledgers
Purchases account
Rama
Jan 18 Purchases 10,000
BM020-3-1-Financial Accounting 2
Bob
Jan 10 Purchases 4,500
Tom
Jan 21 Purchases 4,000
General ledger
Purchase Ledger control account
20X9
Jan 31
Balance c/d
23,000
20X9
Jan 1 Balance b/d
Jan 31 Purchases
23,000
Purchases account
Jan 31 Sundry creditors
BM020-3-1-Financial Accounting 2
23,000
3,000
20,000
23,000
Q&A
BM020-3-1-Financial Accounting 2
Slide 1 of 13
Exercise
Frank Wood & Alan Sangster (2008)
Business Accounting 1, Eleventh edition,
Prentice Hall.
31.2A, 31.4A, 31.7A, 31.8A (pg 380 382)
BM020-3-1-Financial Accounting 2
Slide 1 of 13
BM020-3-1-Financial Accounting 2
Slide 1 of 13